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Economy and Policy

Economy and Policy latest

DP World & Paypal to Collaborate on Cross-border Digital Trade Payments
October 3rd, 2025 - 08:55 GMT

DP World & Paypal to Collaborate on Cross-border Digital Trade Payments

DP World has signed a Memorandum of Understanding (MOU) with global commerce platform PayPal to collaborate on a first-of-its-kind digital payments initiative designed to simplify and speed-up cross-border trade. The agreement, which could see transactions executed in minutes rather than taking up to a week reflects DP World’s continued commitment to creating a secure and scalable marketplace for digital payments. DP World’s Digital Payments initiative will enable international merchants, shippers, exporters, importers, and marketplaces to complete cross-border payments with greater transparency, lower costs, and faster settlement times. Sultan Ahmed bin ...
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A policeman checks the permits of residents in Saudi Arabia. (Arab News)
July 5th, 2018 - 10:41 GMT

Saudi Officials Warn Against Helping Illegal Workers

No orders issued for expulsion of Qataris in 2017, UAE Ministry affirms. (Shutterstock)
July 5th, 2018 - 08:01 GMT

Qataris With Prior Permission Can Re-Enter UAE

The new addition sees the total designated zones increasing to 23 across the UAE. (Shutterstock)
July 5th, 2018 - 06:00 GMT

FTA Announces New Three UAE Free Zones out of VAT Scope

The Central Bank of Oman reported that in 2017, up to OMR3.7 billion was sent overseas by expatriates living in the country, a slight drop from the OMR3.95 billion the previous year. (Shutterstock)
July 4th, 2018 - 11:52 GMT

More Than OMR3 Billion Worth of Remittances Sent by Expats in Oman Last Year

The partnership with VFS Global is part of Dubai FDI’s efforts to ensure a smooth journey for investors and advance their business. (CPI Financial)
July 4th, 2018 - 10:26 GMT

DED Agreement Facilitates Foreign Investor Licensing in UAE

Egypt kicked off its three-year $12 billion loan programme in late 2016. (Shutterstock)
July 4th, 2018 - 10:19 GMT

IMF Suggests Egypt Maintain Tight Monetary Policy to Avoid Inflation

Thanks to the growth in technology adoption, nationwide digital transformation, Smart Cities, and Expo 2020 Dubai, BMI Research predicts the UAE’s IT market will reach AED 20 billion in 2018. (Shutterstock)
July 4th, 2018 - 09:43 GMT

Smart Cities, Expo 2020 Drive UAE’s 2018 IT Market to Dh20 Billion

Anyone found to be involved with the nine individuals will also suffer the same consequence. (SCA)
July 4th, 2018 - 09:25 GMT

UAE Freezes Bank Accounts of 9 Iranians

The non-oil private sector economy rose to 57.1 in June, up from 56.5 in May. (Pixabay)
July 4th, 2018 - 07:38 GMT

UAE Non-Oil Private Sector Economy Rises in June

According to the Article 118 of the Oman Labour Law, violators can be penalised with fines ranging from OMR100 to OMR500, or a jail term of not more than one month, or both. (Times of Oman)
July 3rd, 2018 - 12:04 GMT

More Than 200 Companies Violated Midday Break Rule in Oman

Jordan needs around JD5 billion annually in financing to cover debt and Eurobonds. (Shutterstock)
July 3rd, 2018 - 10:21 GMT

Jordanian Government to Meet IMF to Discuss Supervised Reform Plan Worth $700 Million

The European Investment Bank announced a package of support for Jordan at its conference that opened in Amman on Monday (Jordan Times)
July 3rd, 2018 - 10:04 GMT

15 Projects Worth €850 Million to Be Invested in Jordan by European Investment Bank

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